Paramount bid tops Netflix-WBD deal as Netflix declines to counter
TL;DR
Paramount's higher offer for Warner Bros. Discovery has been deemed superior by WBD, prompting Netflix to decline raising its own bid and leaving Netflix with four business days to submit a counterproposal. Paramount’s bid values WBD at $31 per share and includes a $7 billion regulatory termination fee; Netflix’s stock jumped on the news as investors weighed the potential implications for CNN and the broader deal dynamics.
- Netflix co-CEO Ted Sarandos visits White House amid Warner deal battle CNN
- Netflix CEO Sarandos arrives at White House amid WBD deal pursuit CNBC
- Ted Sarandos Heads to White House as Fight Over Warner Bros. Intensifies and Hollywood Takes Sides The Hollywood Reporter
- Netflix CEO Ted Sarandos to visit White House Thursday to discuss Warner Bros. bid Politico
- Sarandos Schleps To White House To Counterpunch Paramount’s Potential Upper Hand In WBD Bid Deadline
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